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3 bedroom Mid-Terrace House

Percy Terrace, Plymouth

£225,000

Alternatively you can call us on 01752674000 or visit our Plymouthbranch

Situated in the popular Lipson area of Plymouth, this investment property presents a solid opportunity for investors. It comprises of three self-contained apartments under a single title with tenants in situ.

House converted to three flats

Situated in the popular Lipson area of Plymouth, this investment property presents a solid opportunity for investors. It comprises of three self-contained apartments under a single title with long term tenants in situ. All fully let and generating a strong annual rental income of £21,600.The building offers significant uplift potential through refurbishment, a title split, or rental increases, making it a versatile opportunity for savvy investors.
The property features convenient access from both the front and rear. The rear includes a communal bin area and an outside space that could be utilized by the first and top-floor flats. Additionally, the ground-floor apartment benefits from its own private garden space.
The ground-floor flat features a spacious lounge with a UPVC bay window and a hallway with under stairs storage. It includes a double bedroom with a window overlooking the rear aspect. The kitchen provides access to the rear courtyard garden, and stairs leading to a bathroom.
The spacious entrance hall provides access to the first floor flat. The large lounge benefits from a UPVC bay window ensuring plenty of light as well as good sized bedroom and separate kitchen and bathroom.
The top-floor flat is accessed via a carpeted staircase leading to a large, shower room. The layout includes a well-proportioned lounge, double bedroom and an adjoining kitchen.

Property Reference: HRT108216222

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About Plymouth

Sitting on the south-west coast, Plymouth is home to a growing population of well over 250,000. Well served with schools and home to Plymouth University, it is ideal for families.

With direct access to the M5 and regular mainline train services, residents can be in London in 3 hours. Plymouth city centre has easy access to three train stations, all of which have routes to airports, such as Exeter and Cornwall. Ferries are regularly available from several ports, travelling to Cornwall and even to France.

The Plymouth area caters for all its residents and has much to offer, including a number of harbours with restaurants, bars and cafés, ample parks and shopping outlets. There are a wealth of schools in Plymouth that have been highly rated by Ofsted giving families plenty of options for where to send their children. In 2017, 12 schools in the city were rated as “Outstanding”, including nine primary schools and two secondary schools.

Plymouth, based in Devon, is renowned for its ports, which have played host to military vessels, as well as fishing and commercial trade, and much of this history is still evident within the city. To this day, both locals and tourists visit the Royal Citadel, which was a hub of military planning for Sir Francis Drake.

 

Plymouth housing market trends

£250,858

Average price paid in Plymouth

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haart Plymouth

55-57 Exeter Street,
Plymouth,
Devon,
PL4 0AH

Sharon Maynard

Branch Manager Designate

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